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Disclosure of Interests in Shares (Amendment) Regulations (Northern Ireland) 1994
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- Northern Ireland Statutory Rules
- 1994 No. 2
- Regulation 11
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11.—(l) In this regulation “commencement” means the commencement of these Regulations.
(2) Where a person—
(a)has a notifiable interest immediately after commencement, but did not have such an interest immediately before commencement; or
(b)had a notifiable interest immediately before commencement, but does not have such an interest immediately after commencement; or
(c)had a notifiable interest immediately before commencement and has such an interest immediately after commencement but the percentage levels of his interest immediately before and immediately after commencement are not the same;
then he comes under an obligation to notify the company with respect to the interest which he has or had in its shares; and the provisions of Part VII of the Companies (Northern Ireland) Order 1986 shall apply as if that obligation arose under Article 206 of that Order.
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